Khaitan, Crawford and Hogan Lovells guide Kaynes Technologies’ Rs. 1,600 crore QIP, ETLegalWorld
Khitan & Co has advised Kaynes Technologies on its second qualified institutional placement in two years, as the IoT-enabled electronics manufacturer raised INR 1,600 crores on Indian bourses. Crawford Bayley & Co and Hogan Lovells served as domestic and international counsel to the book running lead managers.
The BRLMs comprised Axis Capital, Motilal Oswal, and Nomura.
The fundraise will go towards debt repayment, capital expenditure, working capital, inorganic growth (acquisitions), and global expansion plans, including a INR 3,300 crore semiconductor facility.
The Khaitan Team Comprised Partners Subhayu Sen, Aayush Mohata and Aparna Bagree, and Senior Associate Anshul Mordia.
The hogan lovells team was live by Ravjiani, Komal Israni and Purva Mishra.
Khaitan and Hogan Lovells also advised Kaynes Technologies’ previous QIP in 2023.